Filing Flows › Brookfield Asset Management (BAM) › Q4 2024
Brookfield Asset Management (BAM) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 17, 2025
Brookfield Asset Management (BAM) reported revenue of $1.1B for the fourth quarter 2024 (Q4 2024) and -5% from the quarter before. Operating margin was 60.2%, net earnings $680M (64.0% of revenue).
Brookfield Asset Management, Q4 2024: revenue $1.1B, operating margin 60.2%, net earnings $680M, operating cash flow −$615M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -5% | — |
| Operating profit | $640M | -0.2% | — |
| Net earnings | $680M | +27% | — |
| Operating cash flow | −$615M | — | — |
What changed
Revenue was $1.1B in Q4 2024, down 5% from the previous quarter.
Operating profit was $0.64B, a 60.2% margin. Net earnings were −$0.89B. The effective tax rate was 15.9%. Non-operating items added $0.17B, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$0.61B. Non-cash charges added back $3.0M of depreciation and amortization. Working capital and other items used $1.3B. Capital expenditures of $3.0M exceeded it, leaving free cash flow of −$0.62B.
Questions
What was Brookfield Asset Management's revenue in the fourth quarter 2024?
Brookfield Asset Management (BAM) reported revenue of $1.1B for the fourth quarter 2024 (Q4 2024) and -5% from the quarter before.
Was Brookfield Asset Management profitable in the fourth quarter 2024?
Operating profit was $640M (60.2% of revenue) and net earnings $680M.